THE Zimbabwe Mercantile Exchange (ZMX), an agricultural commodities trading platform, has put in place the logistical framework for trading wheat by farmers, contractors, and all stakeholders in the grain’s value chain. This follows a joint announcement between the Ministry of Lands, Agriculture, Fisheries, Water and Rural Development and the Ministry of Finance and Economic Development...
The Zimbabwe Mercantile Exchange (ZMX) has so far issued 72 000 Metric Tonnes (MT) wheat warehouse receipts now ready for trading after getting government nod to facilitate its trading as one of the country’s strategic grains.The ZMX initiative is a partnership between the Government and the private sector led by Financial and Securities Exchange Limited...
STAKEHOLDERS attending a commodity buyers breakfast meeting in Harare yesterday urged the Zimbabwe Mercantile Exchange (ZMX) to include by-products from listed commodities in warehouse receipting and on spot trading. The call comes amid growing concerns that companies are exporting by-products in their time of glut production yet the country ends up importing them after running...
The participation by retail investors has grown globally significantly in the last few years. Compared to global standards, the participation by retail investors as a percentage of population is still low in Zimbabwe, but it has been growing. Many young investors are trading stocks, forex & other asset classes to grow & protect income from...
BY TATIRA ZWINOIRA THE Zimbabwe Mercantile Exchange Private Limited (ZMX) has listed soya bean on its trading platform with government approval as a pilot project ahead of the bigger cash crops such as maize, wheat and cotton. ZMX, launched on October 18, 2021, operates an electronic warehouse receipt system (WRS) and a commodity trading platform...
FARMERS in Matabeleland South have been urged to adopt the warehouse receipt system as part of efforts to reduce post-harvest losses. Through this system, farmers can take their harvests for storage at various licensed warehouses across the province at a minimal fee. The system is meant to improve access to finance for farmers, traders and...
Herald: The Zimbabwe Mercantile Xchange (ZMX), a recently established electronic agricultural commodity trading platform,could become the gateway for increased private sector investment into agriculture, a senior official said. Escrow group, which operates the newly introduced commodity exchange, chief executive officer Collen Tapfumaneyi, said the platform may attract much needed investment into this strategically important sector....
HARARE – Zimbabwe Mercantile Exchange (ZMX) saw its first trades this morning when it launched with total turnover of the day amounting to $3.03 million. On the first day of trading Red Sorghum became the first traded commodity with 2 058kgs of Grade A Red Sorghum being traded at $38/kg to bring in $78 204....
The much-awaited commodities exchange — Zimbabwe Mercantile Exchange (ZMX), will comply with Statutory Instrument 145 of 2019 (SI 145) on trading of strategic grain such as maize, which will for now remain a responsibility for the Grain Marketing Board (GMB). The ZMX has 18 commodities that will trade on the exchange. But in the meantime,...
Efforts to enhance Zimbabwe’s markets and financial systems are in full swing as many of the promises that have been made come to fruition though success may vary. The Victoria Falls Stock Exchange, The Zimbabwe Receivables exchange and the bringing of the first ETF to the ZSE have all been rolled out. Now the next...
